iPad Pro 2 release date, latest news: New iPad Pro model expected to arrive this March

A promotional image for the current iPad Pro. | Apple, Inc.

Apple's iPad line is somewhat at a crossroads. Based on the company's recent earnings report, the gadget's year over year sales has plummeted by 19 percent, and revenue fell by 22 percent.

Nevertheless, Apple's chief executive Tim Cook continues to be committed to the iPad product line, believing that there's still a lot of room for innovation in their flagship tablet.

"We've got some exciting things coming on iPad," Cook said last week, according to BGR. "And I'm optimistic about where things are headed," he added.

According to reports, Apple has plans to release three new iPad models this year: an affordable 9.7-inch model, a revamped 12.0-inch iPad Pro, and a new 10.5-inch model.

As for when the iPad Pro 2 might be released, recent speculations suggested that Apple users should expect the device to arrive sometime this March. Considering that Apple is known for holding its first big event every March for the past few years, the rumor is not completely unfounded.

With the 12.9-inch model already 18 months old and the 9.7-inch variant about to reach its 12-month mark this coming March, the time is ripe for upgrading the iPad Pro line. Moreover, reports have already surfaced about the significant slow-down of iPad Pro stocks, which suggests that a new line is already underway.

According to a report by ValueWalk, the existing 12.9-inch iPad Pro is already in short supply at major retail stores. Customers who bought the current iPad Pro model would have to wait for an estimated shipping period of around two to three weeks, compared to the usual two-week waiting period.

As analyzed by Apple enthusiast, this slowing down of current iPad Pro stocks is an indication that the company is running low on its current stocks of the tablet and have decreased production in order to prepare for the release of the iPad Pro 2.

With the upcoming arrival of the iPad Pro 2, news and details about its specs and features are also surfacing online. The new model will reportedly be powered by the AX10 Processor and will sport a 12-megapixel rear camera and a 5-megapixel front camera.

Apple's iPad Pro 2 is speculated to come out sometime this March.